On January 31, 2011, National Development and Reform Commission (“NDRC”) issued “NDRC Notice on Further Regulating the Administration on Development and Filing of Equity Investment Enterprises” (Fa Gai Ban Cai Jin [2011] 253 Hao)( the “Notice”), which came into effect on the date of issuance. The Notice mainly specifies the filing procedures for equity investment enterprises registered in pilot areas (defined as follows) and their management enterprises.